Strategic Growth in Copper Sector
Uzbekistan has set a goal to boost its copper production and processing by 20% in 2024. This plan was highlighted during a meeting between President Shavkat Mirziyoyev and regional administration representatives, emphasizing the country’s focus on expanding its copper industry.
Target for Copper Production
The meeting underscored the objective to increase Uzbekistan’s copper production to 140,000 tons. This initiative aligns with the country’s broader strategy to augment its position in the global copper market.
Export Potential and Future Projections
The potential for copper exports from Uzbekistan was estimated at $1.5 billion. Looking ahead, the country aims to reach a milestone of $2 billion in copper exports by 2025.
Long-Term Development Strategy
Earlier in the year, Uzbekistan adopted a new development strategy, aiming to increase copper production by 3.5 times by 2030. This long-term plan reflects Uzbekistan’s commitment to enhancing its industrial and economic capabilities.
Current Production and Export Figures
According to a report from Uzbekistan’s Almalyk Mining and Metallurgical Combine (MMC), the current annual copper production is approximately 148,000 tons. Of this, about 90,000 tons are exported, accounting for 70% of the total production volume.